Prices of spot liquefied natural gas (LNG) for December delivery to northeast Asia averaged $7.280 per million British thermal units (/MMBtu) for December, according to the latest Platts Japan/Korea Marker (Platts JKM®) data for month-ahead delivery.
The figure reflects the daily JKM as assessed and published by Platts, a leading global energy, petrochemicals and metals information provider and a premier source of benchmark price references. The December-delivery value reflects the daily JKM between October 16 and November 13 and expressed as a monthly average.
The marker, which gained 8.7% month over month, started the assessment period at $6.80/MMBtu. It steadily gained ground during the course of the month to close at $7.65/MMBtu on November 13, as new sources of demand emerged ahead of the winter heating season.